Hello Traders welcome back to another Top-Down Analysis of EurUsd. Today was CPI Inflation day and the market is about Break Even after the Day's trading. At One point EurUsd had depreciated in favor of the USD by about +.21% but we have since retraced .. possibly from profit taking and normal market movements.
0:0 Monthly Timeframe
1:51 Weekly timeframe
2:35...
My dear subscribers,
My technical analysis for EURUSD is below:
The price is coiling around a solid key level - 1.0921
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0868
My Stop Loss - 1.0949
About Used Indicators:
By the very...
The level for our sell stop order is at 0.8730. There was a strong uptrend on the USD/CHF H4 chart; however, the bullish trendline has now been broken, indicating a potential sell signal. The risk-reward ratio for this trade is 1:3.
EUR/USD soared to its highest since early January, breaching 1.0980 on Friday, but reversed gains in the US session to close slightly lower. The pair ended the week nearly 1% up, settling just below 1.0950 as the new week kicks off.
A dip in the US 10-year Treasury yield to 4% following the February jobs report has kept the USD on a weaker footing against its...
EURUSD has turned bullish on the 1D timeframe (RSI = 62.360, MACD = 0.002, ADX = 55.342) but on the 4H chart it has started the bearish leg of the 1 month Channel Up. There is still time to sell and target the 0.5 Fibonacci level on a -0.85% decline from the top (TP = 1.08870), like the bearish wave after the Feb 22nd top.
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Hello everyone, let's discuss our strategy for the new day!
Looking back at the previous weekend, EURUSD showed a relatively negative short-term downtrend, despite maintaining an upward trend on the 4-hour time frame. This was an impressive move by the bulls, as they not only successfully defended the key support level at 1.0800, but also pushed the exchange rate...
EURUSD is starting to adjust after it reaches the upper limit of the price channel as we have set out before, continuing to keep the old view, I expect this pair of money to decrease more but the trend of increasing It will still be preserved as long as it moves in the current price channel.
EUR/USD found support near 1.0800 (psychological level, Fibonacci 23.6% retracement of the latest downtrend) but is yet to clear the 200-period Simple Moving Average (SMA) on the 4-hour chart, currently located at around 1.0820. Meanwhile, the Relative Strength Index (RSI) indicator stays slightly below 50, highlighting a lack of recovery momentum.If EUR/USD...
Hello everyone, let's discuss our strategy for the new day!
Today, the EURUSD trading session has been relatively calm with little price movement, hovering around 1.0836 after reaching 1.0840 earlier. This currency pair has been experiencing a decline of nearly 3% compared to its peak in December at 1.1140.
In terms of influencing factors, EUR/USD started the...
My dear friends,
My technical analysis for EURUSD is below:
The market is trading on 1.0813 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0828
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend...
Amidst anticipation of critical data releases, the market sentiment favors the US Dollar (USD) over the Euro (EUR). The EUR/USD pair is witnessing a downward trend, with investors closely monitoring economic indicators and central bank commentary.
Key economic data, including the US Producer Price Index (PPI) and Michigan Consumer Sentiment Index, scheduled for...
EURUSD, by meeting the important resistance of 1.08977 and 1.08717 and forming a reversal candlestick pattern in the daily time frame and reducing the buying momentum in the 4-hour time frame, is ready to continue its downward trend up to the specified range.
Greetings, fellow traders! What are your predictions for the EURUSD trend in the coming period?
Currently, EURUSD has paused its trading activities, settling at a level of 1.081. Last week was notably favorable for the bulls, with the price consistently supported and ascending from a newly established support level at 1.070.
This upward movement is attributed to...
By examining the EURUSD daily chart, we can figure out that the price reached the bullish order block and had a bullish reaction and we can see the FVG which failed, and the daily candle closed above it so it now plays as a support for us.
In addition, the price formed a liquidity pool below the bearish order block, so we can expect the price to move higher to...
EUR/USD consolidates gains above 1.0800, awaits Fed Minutes
From a technical point of view, EUR/USD’s daily chart shows its closing in the green for a fifth consecutive day. The same chart shows it trades above converging 20 and 100 Simple Moving Averages (SMAs) in the 1.0790 price zone, while it retreated from around a flat 200 SMA, currently around 1.0825....
By re-examining the gold chart, we see that according to our expectations, gold continued to grow and has been able to grow up to $2008! Today we will have the important statistics of PPI, if the Actual rate is announced higher than expected rate, we can see the growth of the dollar index (DXY) and the fall of the gold price! In my opinion, it is possible that...
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Still pulling back to go on short for Eurusd. Recent data hasnt have much support for weaker USD. Also, coming week has not much high impact news, sentiment of USD should remain strong.
Do check out my stream video for the week to have more explanation in place.
Do...
